While it is well known that family businesses can be extremely successful business models, unfortunately, it is also known across the world that they suffer a very high failure rate.
Statistics suggest that fewer than 6% of family businesses survive beyond the third generation….
Family businesses deal with challenges that every other business must face. However, unlike non-family run companies, they must also deal with family issues.
This combination makes the family business strong and unique, but also more complex. Our Family Business Advisory Team has experience of working with families in the Middle East and Europe, both large and small as well as with families in the “founder” generation stage through to those at the third generation stage and beyond. They have successfully implemented family governance structures such as Family Councils with the principal focus of addressing key issues facing any family business namely: Conflict management, Succession planning and Continuity planning.
To find out more about our Family Business Advisory Services, please see the attached document.
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